CoinCentral
TLDR Mayor Adams unveils a Bitcoin-backed bond, but tax laws, BitLicense rules, and IRS hurdles threaten its viability. Adams’s crypto bond plan clashes with federal and state laws, risking investor appeal and legal compliance. NYC’s bold Bit Bond plan hits major resistance from the Comptroller and legal barriers around crypto-backed finance…
Read More
Bit Bond Breakdown: NYC’s Crypto Bond Plan Meets Regulatory Resistance
Yasmin Werner
04:25
TLDR Mayor Adams unveils a Bitcoin-backed bond, but tax laws, BitLicense rules, and IRS hurdles threaten its viability. Adams’s crypto bond plan clashes with federal and state laws, risking investor appeal and legal compliance. NYC’s bold Bit Bond plan hits major resistance from the Comptroller and legal barriers around crypto-backed finance…
